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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$146,682
Monthly savings required$1,161

How much will it cost to send your child to Loyola University New Orleans in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $586,728.74 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,161.12 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$56,564.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,161.12 $0.00 $0.00 $1,161.12
2 $1,161.12 $1,161.12 $0.00 $6.57 $2,328.81
3 $2,328.81 $1,161.12 $0.00 $13.17 $3,503.10
4 $3,503.10 $1,161.12 $0.00 $19.81 $4,684.03
5 $4,684.03 $1,161.12 $0.00 $26.48 $5,871.63
6 $5,871.63 $1,161.12 $0.00 $33.20 $7,065.95
7 $7,065.95 $1,161.12 $0.00 $39.95 $8,267.02
8 $8,267.02 $1,161.12 $0.00 $46.74 $9,474.88
9 $9,474.88 $1,161.12 $0.00 $53.57 $10,689.57
10 $10,689.57 $1,161.12 $0.00 $60.44 $11,911.13
11 $11,911.13 $1,161.12 $0.00 $67.35 $13,139.60
12 $13,139.60 $1,161.12 $0.00 $74.29 $14,375.01
13 $14,375.01 $1,161.12 $0.00 $81.28 $15,617.41
14 $15,617.41 $1,161.12 $0.00 $88.30 $16,866.83
15 $16,866.83 $1,161.12 $0.00 $95.37 $18,123.32
16 $18,123.32 $1,161.12 $0.00 $102.47 $19,386.91
17 $19,386.91 $1,161.12 $0.00 $109.62 $20,657.65
18 $20,657.65 $1,161.12 $0.00 $116.80 $21,935.57
19 $21,935.57 $1,161.12 $0.00 $124.03 $23,220.72
20 $23,220.72 $1,161.12 $0.00 $131.29 $24,513.13
21 $24,513.13 $1,161.12 $0.00 $138.60 $25,812.85
22 $25,812.85 $1,161.12 $0.00 $145.95 $27,119.92
23 $27,119.92 $1,161.12 $0.00 $153.34 $28,434.38
24 $28,434.38 $1,161.12 $0.00 $160.77 $29,756.27
25 $29,756.27 $1,161.12 $0.00 $168.25 $31,085.64
26 $31,085.64 $1,161.12 $0.00 $175.76 $32,422.52
27 $32,422.52 $1,161.12 $0.00 $183.32 $33,766.96
28 $33,766.96 $1,161.12 $0.00 $190.92 $35,119.00
29 $35,119.00 $1,161.12 $0.00 $198.57 $36,478.69
30 $36,478.69 $1,161.12 $0.00 $206.26 $37,846.07
31 $37,846.07 $1,161.12 $0.00 $213.99 $39,221.18
32 $39,221.18 $1,161.12 $0.00 $221.76 $40,604.06
33 $40,604.06 $1,161.12 $0.00 $229.58 $41,994.76
34 $41,994.76 $1,161.12 $0.00 $237.44 $43,393.32
35 $43,393.32 $1,161.12 $0.00 $245.35 $44,799.79
36 $44,799.79 $1,161.12 $0.00 $253.30 $46,214.21
37 $46,214.21 $1,161.12 $0.00 $261.30 $47,636.63
38 $47,636.63 $1,161.12 $0.00 $269.34 $49,067.09
39 $49,067.09 $1,161.12 $0.00 $277.43 $50,505.64
40 $50,505.64 $1,161.12 $0.00 $285.57 $51,952.33
41 $51,952.33 $1,161.12 $0.00 $293.75 $53,407.20
42 $53,407.20 $1,161.12 $0.00 $301.97 $54,870.29
43 $54,870.29 $1,161.12 $0.00 $310.24 $56,341.65
44 $56,341.65 $1,161.12 $0.00 $318.56 $57,821.33
45 $57,821.33 $1,161.12 $0.00 $326.93 $59,309.38
46 $59,309.38 $1,161.12 $0.00 $335.34 $60,805.84
47 $60,805.84 $1,161.12 $0.00 $343.81 $62,310.77
48 $62,310.77 $1,161.12 $0.00 $352.31 $63,824.20
49 $63,824.20 $1,161.12 $0.00 $360.87 $65,346.19
50 $65,346.19 $1,161.12 $0.00 $369.48 $66,876.79
51 $66,876.79 $1,161.12 $0.00 $378.13 $68,416.04
52 $68,416.04 $1,161.12 $0.00 $386.83 $69,963.99
53 $69,963.99 $1,161.12 $0.00 $395.59 $71,520.70
54 $71,520.70 $1,161.12 $0.00 $404.39 $73,086.21
55 $73,086.21 $1,161.12 $0.00 $413.24 $74,660.57
56 $74,660.57 $1,161.12 $0.00 $422.14 $76,243.83
57 $76,243.83 $1,161.12 $0.00 $431.09 $77,836.04
58 $77,836.04 $1,161.12 $0.00 $440.10 $79,437.26
59 $79,437.26 $1,161.12 $0.00 $449.15 $81,047.53
60 $81,047.53 $1,161.12 $0.00 $458.25 $82,666.90
61 $82,666.90 $1,161.12 $0.00 $467.41 $84,295.43
62 $84,295.43 $1,161.12 $0.00 $476.62 $85,933.17
63 $85,933.17 $1,161.12 $0.00 $485.88 $87,580.17
64 $87,580.17 $1,161.12 $0.00 $495.19 $89,236.48
65 $89,236.48 $1,161.12 $0.00 $504.56 $90,902.16
66 $90,902.16 $1,161.12 $0.00 $513.97 $92,577.25
67 $92,577.25 $1,161.12 $0.00 $523.45 $94,261.82
68 $94,261.82 $1,161.12 $0.00 $532.97 $95,955.91
69 $95,955.91 $1,161.12 $0.00 $542.55 $97,659.58
70 $97,659.58 $1,161.12 $0.00 $552.18 $99,372.88
71 $99,372.88 $1,161.12 $0.00 $561.87 $101,095.87
72 $101,095.87 $1,161.12 $0.00 $571.61 $102,828.60
73 $102,828.60 $1,161.12 $0.00 $581.41 $104,571.13
74 $104,571.13 $1,161.12 $0.00 $591.26 $106,323.51
75 $106,323.51 $1,161.12 $0.00 $601.17 $108,085.80
76 $108,085.80 $1,161.12 $0.00 $611.13 $109,858.05
77 $109,858.05 $1,161.12 $0.00 $621.15 $111,640.32
78 $111,640.32 $1,161.12 $0.00 $631.23 $113,432.67
79 $113,432.67 $1,161.12 $0.00 $641.36 $115,235.15
80 $115,235.15 $1,161.12 $0.00 $651.56 $117,047.83
81 $117,047.83 $1,161.12 $0.00 $661.81 $118,870.76
82 $118,870.76 $1,161.12 $0.00 $672.11 $120,703.99
83 $120,703.99 $1,161.12 $0.00 $682.48 $122,547.59
84 $122,547.59 $1,161.12 $0.00 $692.90 $124,401.61
85 $124,401.61 $1,161.12 $0.00 $703.38 $126,266.11
86 $126,266.11 $1,161.12 $0.00 $713.93 $128,141.16
87 $128,141.16 $1,161.12 $0.00 $724.53 $130,026.81
88 $130,026.81 $1,161.12 $0.00 $735.19 $131,923.12
89 $131,923.12 $1,161.12 $0.00 $745.91 $133,830.15
90 $133,830.15 $1,161.12 $0.00 $756.70 $135,747.97
91 $135,747.97 $1,161.12 $0.00 $767.54 $137,676.63
92 $137,676.63 $1,161.12 $0.00 $778.44 $139,616.19
93 $139,616.19 $1,161.12 $0.00 $789.41 $141,566.72
94 $141,566.72 $1,161.12 $0.00 $800.44 $143,528.28
95 $143,528.28 $1,161.12 $0.00 $811.53 $145,500.93
96 $145,500.93 $1,161.12 $0.00 $822.68 $147,484.73
97 $147,484.73 $1,161.12 $0.00 $833.90 $149,479.75
98 $149,479.75 $1,161.12 $0.00 $845.18 $151,486.05
99 $151,486.05 $1,161.12 $0.00 $856.52 $153,503.69
100 $153,503.69 $1,161.12 $0.00 $867.93 $155,532.74
101 $155,532.74 $1,161.12 $0.00 $879.40 $157,573.26
102 $157,573.26 $1,161.12 $0.00 $890.94 $159,625.32
103 $159,625.32 $1,161.12 $0.00 $902.54 $161,688.98
104 $161,688.98 $1,161.12 $0.00 $914.21 $163,764.31
105 $163,764.31 $1,161.12 $0.00 $925.95 $165,851.38
106 $165,851.38 $1,161.12 $0.00 $937.75 $167,950.25
107 $167,950.25 $1,161.12 $0.00 $949.62 $170,060.99
108 $170,060.99 $1,161.12 $0.00 $961.55 $172,183.66
109 $172,183.66 $1,161.12 $0.00 $973.55 $174,318.33
110 $174,318.33 $1,161.12 $0.00 $985.62 $176,465.07
111 $176,465.07 $1,161.12 $0.00 $997.76 $178,623.95
112 $178,623.95 $1,161.12 $0.00 $1,009.97 $180,795.04
113 $180,795.04 $1,161.12 $0.00 $1,022.24 $182,978.40
114 $182,978.40 $1,161.12 $0.00 $1,034.59 $185,174.11
115 $185,174.11 $1,161.12 $0.00 $1,047.00 $187,382.23
116 $187,382.23 $1,161.12 $0.00 $1,059.49 $189,602.84
117 $189,602.84 $1,161.12 $0.00 $1,072.04 $191,836.00
118 $191,836.00 $1,161.12 $0.00 $1,084.67 $194,081.79
119 $194,081.79 $1,161.12 $0.00 $1,097.37 $196,340.28
120 $196,340.28 $1,161.12 $0.00 $1,110.14 $198,611.54
121 $198,611.54 $1,161.12 $0.00 $1,122.98 $200,895.64
122 $200,895.64 $1,161.12 $0.00 $1,135.89 $203,192.65
123 $203,192.65 $1,161.12 $0.00 $1,148.88 $205,502.65
124 $205,502.65 $1,161.12 $0.00 $1,161.94 $207,825.71
125 $207,825.71 $1,161.12 $0.00 $1,175.08 $210,161.91
126 $210,161.91 $1,161.12 $0.00 $1,188.29 $212,511.32
127 $212,511.32 $1,161.12 $0.00 $1,201.57 $214,874.01
128 $214,874.01 $1,161.12 $0.00 $1,214.93 $217,250.06
129 $217,250.06 $1,161.12 $0.00 $1,228.36 $219,639.54
130 $219,639.54 $1,161.12 $0.00 $1,241.87 $222,042.53
131 $222,042.53 $1,161.12 $0.00 $1,255.46 $224,459.11
132 $224,459.11 $1,161.12 $0.00 $1,269.12 $226,889.35
133 $226,889.35 $1,161.12 $0.00 $1,282.87 $229,333.34
134 $229,333.34 $1,161.12 $0.00 $1,296.68 $231,791.14
135 $231,791.14 $1,161.12 $0.00 $1,310.58 $234,262.84
136 $234,262.84 $1,161.12 $0.00 $1,324.56 $236,748.52
137 $236,748.52 $1,161.12 $0.00 $1,338.61 $239,248.25
138 $239,248.25 $1,161.12 $0.00 $1,352.74 $241,762.11
139 $241,762.11 $1,161.12 $0.00 $1,366.96 $244,290.19
140 $244,290.19 $1,161.12 $0.00 $1,381.25 $246,832.56
141 $246,832.56 $1,161.12 $0.00 $1,395.63 $249,389.31
142 $249,389.31 $1,161.12 $0.00 $1,410.08 $251,960.51
143 $251,960.51 $1,161.12 $0.00 $1,424.62 $254,546.25
144 $254,546.25 $1,161.12 $0.00 $1,439.24 $257,146.61
145 $257,146.61 $1,161.12 $0.00 $1,453.94 $259,761.67
146 $259,761.67 $1,161.12 $0.00 $1,468.73 $262,391.52
147 $262,391.52 $1,161.12 $0.00 $1,483.60 $265,036.24
148 $265,036.24 $1,161.12 $0.00 $1,498.55 $267,695.91
149 $267,695.91 $1,161.12 $0.00 $1,513.59 $270,370.62
150 $270,370.62 $1,161.12 $0.00 $1,528.71 $273,060.45
151 $273,060.45 $1,161.12 $0.00 $1,543.92 $275,765.49
152 $275,765.49 $1,161.12 $0.00 $1,559.22 $278,485.83
153 $278,485.83 $1,161.12 $0.00 $1,574.60 $281,221.55
154 $281,221.55 $1,161.12 $0.00 $1,590.07 $283,972.74
155 $283,972.74 $1,161.12 $0.00 $1,605.62 $286,739.48
156 $286,739.48 $1,161.12 $0.00 $1,621.27 $289,521.87
157 $289,521.87 $1,161.12 $0.00 $1,637.00 $292,319.99
158 $292,319.99 $1,161.12 $0.00 $1,652.82 $295,133.93
159 $295,133.93 $1,161.12 $0.00 $1,668.73 $297,963.78
160 $297,963.78 $1,161.12 $0.00 $1,684.73 $300,809.63
161 $300,809.63 $1,161.12 $0.00 $1,700.82 $303,671.57
162 $303,671.57 $1,161.12 $0.00 $1,717.00 $306,549.69
163 $306,549.69 $1,161.12 $0.00 $1,733.28 $309,444.09
164 $309,444.09 $1,161.12 $0.00 $1,749.64 $312,354.85
165 $312,354.85 $1,161.12 $0.00 $1,766.10 $315,282.07
166 $315,282.07 $1,161.12 $0.00 $1,782.65 $318,225.84
167 $318,225.84 $1,161.12 $0.00 $1,799.30 $321,186.26
168 $321,186.26 $1,161.12 $0.00 $1,816.03 $324,163.41
169 $324,163.41 $1,161.12 $0.00 $1,832.87 $327,157.40
170 $327,157.40 $1,161.12 $0.00 $1,849.80 $330,168.32
171 $330,168.32 $1,161.12 $0.00 $1,866.82 $333,196.26
172 $333,196.26 $1,161.12 $0.00 $1,883.94 $336,241.32
173 $336,241.32 $1,161.12 $0.00 $1,901.16 $339,303.60
174 $339,303.60 $1,161.12 $0.00 $1,918.47 $342,383.19
175 $342,383.19 $1,161.12 $0.00 $1,935.88 $345,480.19
176 $345,480.19 $1,161.12 $0.00 $1,953.40 $348,594.71
177 $348,594.71 $1,161.12 $0.00 $1,971.01 $351,726.84
178 $351,726.84 $1,161.12 $0.00 $1,988.71 $354,876.67
179 $354,876.67 $1,161.12 $0.00 $2,006.52 $358,044.31
180 $358,044.31 $1,161.12 $0.00 $2,024.43 $361,229.86
181 $361,229.86 $1,161.12 $0.00 $2,042.45 $364,433.43
182 $364,433.43 $1,161.12 $0.00 $2,060.56 $367,655.11
183 $367,655.11 $1,161.12 $0.00 $2,078.78 $370,895.01
184 $370,895.01 $1,161.12 $0.00 $2,097.09 $374,153.22
185 $374,153.22 $1,161.12 $0.00 $2,115.52 $377,429.86
186 $377,429.86 $1,161.12 $0.00 $2,134.04 $380,725.02
187 $380,725.02 $1,161.12 $0.00 $2,152.67 $384,038.81
188 $384,038.81 $1,161.12 $0.00 $2,171.41 $387,371.34
189 $387,371.34 $1,161.12 $0.00 $2,190.25 $390,722.71
190 $390,722.71 $1,161.12 $0.00 $2,209.20 $394,093.03
191 $394,093.03 $1,161.12 $0.00 $2,228.26 $397,482.41
192 $397,482.41 $1,161.12 $0.00 $2,247.42 $400,890.95
193 $400,890.95 $1,161.12 $0.00 $2,266.70 $404,318.77
194 $404,318.77 $1,161.12 $0.00 $2,286.08 $407,765.97
195 $407,765.97 $1,161.12 $0.00 $2,305.57 $411,232.66
196 $411,232.66 $1,161.12 $0.00 $2,325.17 $414,718.95
197 $414,718.95 $1,161.12 $0.00 $2,344.88 $418,224.95
198 $418,224.95 $1,161.12 $0.00 $2,364.70 $421,750.77
199 $421,750.77 $1,161.12 $0.00 $2,384.64 $425,296.53
200 $425,296.53 $1,161.12 $0.00 $2,404.69 $428,862.34
201 $428,862.34 $1,161.12 $0.00 $2,424.85 $432,448.31
202 $432,448.31 $1,161.12 $0.00 $2,445.13 $436,054.56
203 $436,054.56 $1,161.12 $0.00 $2,465.52 $439,681.20
204 $439,681.20 $1,161.12 $0.00 $2,486.02 $443,328.34
205 $443,328.34 $1,161.12 $0.00 $2,506.64 $446,996.10
206 $446,996.10 $1,161.12 $0.00 $2,527.38 $450,684.60
207 $450,684.60 $1,161.12 $0.00 $2,548.24 $454,393.96
208 $454,393.96 $1,161.12 $0.00 $2,569.21 $458,124.29
209 $458,124.29 $1,161.12 $0.00 $2,590.30 $461,875.71
210 $461,875.71 $1,161.12 $0.00 $2,611.51 $465,648.34
211 $465,648.34 $1,161.12 $0.00 $2,632.84 $469,442.30
212 $469,442.30 $1,161.12 $0.00 $2,654.30 $473,257.72
213 $473,257.72 $1,161.12 $0.00 $2,675.87 $477,094.71
214 $477,094.71 $1,161.12 $0.00 $2,697.56 $480,953.39
215 $480,953.39 $1,161.12 $0.00 $2,719.38 $484,833.89
216 $484,833.89 $1,161.12 $0.00 $2,741.32 $488,736.33
217 $488,736.33 $1,161.12 $136,128.01 $2,763.39 $356,532.83
218 $356,532.83 $1,161.12 $0.00 $2,015.89 $359,709.84
219 $359,709.84 $1,161.12 $0.00 $2,033.85 $362,904.81
220 $362,904.81 $1,161.12 $0.00 $2,051.92 $366,117.85
221 $366,117.85 $1,161.12 $0.00 $2,070.08 $369,349.05
222 $369,349.05 $1,161.12 $0.00 $2,088.35 $372,598.52
223 $372,598.52 $1,161.12 $0.00 $2,106.73 $375,866.37
224 $375,866.37 $1,161.12 $0.00 $2,125.20 $379,152.69
225 $379,152.69 $1,161.12 $0.00 $2,143.78 $382,457.59
226 $382,457.59 $1,161.12 $0.00 $2,162.47 $385,781.18
227 $385,781.18 $1,161.12 $0.00 $2,181.26 $389,123.56
228 $389,123.56 $1,161.12 $0.00 $2,200.16 $392,484.84
229 $392,484.84 $1,161.12 $142,934.41 $2,219.17 $252,930.72
230 $252,930.72 $1,161.12 $0.00 $1,430.11 $255,521.95
231 $255,521.95 $1,161.12 $0.00 $1,444.76 $258,127.83
232 $258,127.83 $1,161.12 $0.00 $1,459.49 $260,748.44
233 $260,748.44 $1,161.12 $0.00 $1,474.31 $263,383.87
234 $263,383.87 $1,161.12 $0.00 $1,489.21 $266,034.20
235 $266,034.20 $1,161.12 $0.00 $1,504.20 $268,699.52
236 $268,699.52 $1,161.12 $0.00 $1,519.27 $271,379.91
237 $271,379.91 $1,161.12 $0.00 $1,534.42 $274,075.45
238 $274,075.45 $1,161.12 $0.00 $1,549.66 $276,786.23
239 $276,786.23 $1,161.12 $0.00 $1,564.99 $279,512.34
240 $279,512.34 $1,161.12 $0.00 $1,580.40 $282,253.86
241 $282,253.86 $1,161.12 $150,081.13 $1,595.90 $134,929.75
242 $134,929.75 $1,161.12 $0.00 $762.91 $136,853.78
243 $136,853.78 $1,161.12 $0.00 $773.79 $138,788.69
244 $138,788.69 $1,161.12 $0.00 $784.73 $140,734.54
245 $140,734.54 $1,161.12 $0.00 $795.73 $142,691.39
246 $142,691.39 $1,161.12 $0.00 $806.80 $144,659.31
247 $144,659.31 $1,161.12 $0.00 $817.92 $146,638.35
248 $146,638.35 $1,161.12 $0.00 $829.11 $148,628.58
249 $148,628.58 $1,161.12 $0.00 $840.37 $150,630.07
250 $150,630.07 $1,161.12 $0.00 $851.68 $152,642.87
251 $152,642.87 $1,161.12 $0.00 $863.06 $154,667.05
252 $154,667.05 $1,161.12 $0.00 $874.51 $156,702.68
253 $156,702.68 $0.00 $157,585.19 $886.02 $3.51